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FG Grants Road Investors Tax Holiday

In order to attract private investors, the Federal Executive Council has approved a tax relief scheme to woo stakeholders willing to partner with government in the urgent task of rebuilding the nation’s dilapidated roads and other infrastructure. According to the Minister of Finance, Kemi Adeosun...

Nigeria To Save $650m Annually On Steel Importation

A local steel maker, African Industries Group, has noted that Nigeria can potentially save about $650m annually if all the steel companies produce at 100 per cent capacity. The Group Executive Director, African Industries Group, Uche Iwuamadi, stated this during a stakeholders’ meeting in Lagos...

Nigeria To Experience A Rise In Air Travel By 2030

The Director-General of the Nigerian Civil Aviation Authority (NCAA), Capt. Muhtar Usman has said that Nigeria is preparing the aviation sector to develop the capacity and infrastructure that will enable it accommodate the expected passenger surge in the next 13 years. The International Air Transport...

Microsoft Endorses Family Benefits For Employees

Microsoft has informed its employees in Nigeria that it was improving its family leave benefits to ensure that they had adequate time to care for the people who matter most in their lives. The company stated that it had increased maternity leave to 20 weeks...

SON Shuts Down Four Steel Factories

The Standards Organisation of Nigeria (SON) has closed down four steel companies across Nigeria for non-compliance to requirements of the Nigeria Industrial standards (NIS 117) and global best practices. The agency also warned that any steel manufacturer caught circumventing quality assurance requirements henceforth will be...

4,000 Jobs May Be Lost – Senate

The Senate has warned that about 4,000 jobs may be lost in the telecommunications industry, following the $1.2bn Etisalat loan. This is inevitable unless the relevant government agencies move swiftly to salvage the fallout of the takeover of 9mobile (Etisalat Nigeria), by 13 local...